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About the Role

The Prudential Risk team is expanding, and we are searching for a Manager to join our 2nd Line Treasury Risk Oversight team. You will be part of the broader 2LoD Risk and Compliance department. This role contributes to a scaling bank with high aspirations, championing the value to "grow Monzo safely." The focus involves collaborating with 1st Line Treasury Markets to provide expert second-line oversight of their increasing investment activities and execution controls.

Responsibilities

Overseeing our growing Treasury investment portfolio and analysing wholesale credit risk via the regular monitoring of market and liquidity risks, alongside collateral performance monitoring.
Writing independent credit assessments for proposed counterparties and securitisations.
Conducting independent stress testing of ABS and CLO structures to evaluate portfolio resilience.
Representing 2LoD in investor roadshows with a view to better understanding collateral, structuring, and the inherent risks of securities.
Monitoring market trends and themes in wholesale credit markets and the wider macroeconomic environment, and raising emerging risks to the Treasury Markets team.
Acting as a key contributor to the Wholesale Credit Risk Forum, where you will present a 2LoD view of the risk profile of the investment portfolio.
Reviewing monthly information submitted to ALCo packs and actively contributing 2LoD opinions on specific approval topics.
Playing a core role in the 2LoD oversight of new proposals put forward by Treasury Markets within a rapidly growing and ambitious environment.
Ensuring appropriate controls exist and are consistently monitored across all Treasury Dealing activities.
Developing an understanding of Treasury ALM (Asset Liability Management) in order to understand its strategic links to Treasury Markets activities, while providing support to ALM risk oversight.

Requirements

Relevant experience gained within a bank, a consultancy, a credit rating agency, or a regulatory body.
A genuine desire to learn and grow, and excitement about building enhanced 2LoD oversight within a dynamic, fast-paced environment.
A solid understanding of key asset classes that make up a Retail Bank’s treasury investment portfolio, such as Sovereign and Supranational debt, Covered Bonds, Asset Backed Securities (ABS), and Collateralised Loan Obligations (CLO).
Understanding of securitisations, including their structural features, underwriting processes, and standards, as well as how to stress test them.
Ability to critically evaluate risk data, with familiarity handling investment prospectuses from security issuers and the ability to review credit rating agency reports to pick out, understand, and challenge key risks.
Knowledge of key market products, specifically those used across FX markets, repos, and interest rate derivatives.
Hands-on system and technical experience, which may include previous use of Bloomberg for pricing, liquidity, and credit analysis, exposure to a Trade Management System, and a working use of Python/SQL with the ability to develop reporting dashboards.
Good relationship building skills to develop productive working connections with 1LoD stakeholders across all levels of the business, whilst maintaining the ability to provide robust, informed challenge and review.
Understanding of prudential regulatory requirements, with a specific focus on the topics of liquidity and capital and how they impact a bank’s investment portfolio.

Skills

Bloomberg for credit and market analysis
Leveraging rating agency data
Technical stress testing
FX market products
Repurchase agreements
Interest rate hedging tools
Python/SQL for reporting dashboards
Trade Management System

Location

London
Cardiff
Remote (UK)

Work Type

Full-time
Flexible working hours
Distributed working within the UK

Experience Level

Manager

Salary/Compensations

£63,800 - £80,650

Benefits

Incentive Awards tied to your performance
£1,000 learning budget each year
MacBooks provided
Extra support for work-from-home setup for remote workers

About the Company

We’re on a mission to make money work for everyone.
We’re waving goodbye to the complicated and confusing ways of traditional banking.
Our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond.
Our UK customers can also save, invest and combine their pensions with us.
With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!
We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

Equal Opportunity

All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.